. >>> joining is steve forbes, chairman and executive editor of forbes media and also a presidential candidate. we heard from art he doesn't think this is 2008 over again. what do you think? >> it's not 2008 but a short-term series crisis. a concern about the value of the drar. fed made it clear they will knock the dollar down again and concern that the europeans are not dealing with their sovereign debt crises, not to mention their banks. 20 years ago we had a severe crisis with latin american debt which could have brought our system down. dealt with each country and how do you turn this thing around and restructure their debt and put in policies that got these countries growing again. the europeans are not doing it and people fear the drift. >> people remember the 2008 crisis. that one was about debt as well. another thing art mentioned is the markets were spooked yesterday and you mentioned this as well by the fear that the european bank could go the same way as a bear stearns or a lehman brothers did here in the united states. do you think that will happen? >> i think short term